SIA Group&rsquo s passenger traffic up 0.7% in January
Singapore Airlines and Scoot carried 3.7 million passengers in January, 4.1% higher year on year
 
[SINGAPORE] Singapore Airlines Group (SIA) on Monday (Feb 16) posted a 0.7 per cent year-on-year increase in passenger traffic in January 2026 for the two carriers it operates.
 
Passenger traffic, which measures the demand for an airline&rsquo s service, is determined by multiplying the number of passengers carried by the distance travelled. This came in at 13.8 billion revenue passenger-km for the month.
 
Passenger load factor (PLF), which is passenger traffic expressed as a percentage of passenger capacity, came in at 86.6 per cent, down 1.2 percentage points from the corresponding year-ago period.
 
This comes as the PLF of SIA fell 1.1 percentage points year on year to 86.1 per cent in January. A decrease in the load factors for the Europe and South West Pacific routes, down 3.8 and 2.4 percentage points on the year, respectively, contributed to the drag.
 
Low-cost airline Scoot&rsquo s PLF fell 2.1 percentage points on the year to 88.2 per cent in January. The load factors of Scoot&rsquo s East Asia and Rest of the World routes fell by 2.6 and 1.6 percentage points, respectively.
 
The two SIA carriers carried 3.7 million passengers in January, 4.1 per cent higher year on year.
 
Cargo loads were flat year on year, while capacity fell 2 per cent due to scheduled freighter aircraft maintenance and fleet redeployment. As a result, the cargo load factor increased one percentage point to 52.1 per cent.
 
The group noted that Scoot launched passenger services to Chiang Rai, Thailand and Palembang, Indonesia, during the month.
Citi is obviously right in their target price at $6.38 if they can fortell another war soon. Meanwhile, we just pray that it stick with $6.86 or to move further up!
Citi keeps &lsquo sell&rsquo on SIA at higher TP of $6.38 on stabilising yield and &lsquo encouraging outlook&rsquo
Citi maintains a &lsquo sell&rsquo rating on SIA with a target price of $6.38, citing valuation concerns despite stabilising yields and an encouraging outlook. 
The analyst&rsquo s target price is based on a 1.15 times FY2027 P/BV in relation to 7% core ROE.
SIA prices S$500 million 10-year notes at 2.7% fixed rate
They will be offered in denominations of S$250,000
 
[SINGAPORE] Flag carrier Singapore Airlines ( SIA   : C6L +0.47%) has priced S$500 million in 10-year notes at a fixed rate of 2.7 per cent per annum, with proceeds to be used for aircraft purchases and other corporate purposes.
 
The bonds, which are expected to be issued on Jan 30, will be offered in denominations of S$250,000, with interest payable semi-annually.
 
They will mature on Jan 30, 2036, the airline said in a bourse filing on Tuesday (Jan 20).
 
The notes will be offered to institutional and accredited investors in Singapore, as well as investors outside the US.
 
Net proceeds will be used for &ldquo aircraft purchases, aircraft related payments and general corporate or working capital purposes, including refinancing of existing borrowings&rdquo , SIA said.
 
DBS, OCBC and UOB are joint global coordinators for the issuance, with Standard Chartered joining as joint lead manager.
Market watchers view SIA-Air India&rsquo s commercial cooperation favourably
SIA&rsquo s brand premium is unlikely to be diluted as both carriers continue to maintain their respective brands
 
[SINGAPORE] Industry watchers view favourably the recently announced commercial cooperation of   Singapore Airlines (SIA)   : C6L +0.31% with its 25.1 per cent-owned associate Air India that will allow the two airlines to improve connectivity between Singapore and India. 
 
SIA&rsquo s brand premium is unlikely to be diluted as a result of the tie-up as both carriers continue to maintain their respective brands.
 
Lorraine Tan, director of Asian equity research at Morningstar, said it probably makes sense for SIA to be involved in the raising of Air India&rsquo s reputation, given the investment that SIA has sunk in. 
 
The Singapore group paid about S$322.1 million in addition to its 49 per cent stake in Vistara for the shareholding in the merged Vistara-Air India, and has agreed to contribute its share of any funding previously provided by partner Tata Sons prior to the completion of the merger, up to S$880 million.
 
DBS analyst Tabitha Foo commented that as SIA&rsquo s international network is far more extensive compared to Air India, this cooperation could thus translate into feeder traffic for the Singapore carrier&rsquo s long-haul routes from Indian cities that it currently does not cover. 
 
Hashim Osman Jamsheed, Phillip Securities Research analyst, noted that SIA&rsquo s equity stake in Air India was driven by its objective of gaining a foothold in the Indian aviation market. 
 
&ldquo We see this new commercial agreement as the next step, as it enables SIA to realise greater operational synergies due to the increased connectivity and cross-participation initiatives,&rdquo he said.
 
He added that the cooperation will also mean shared risks and rewards inherent in a joint business agreement. This, in his view, is an indication of SIA&rsquo s conviction in Air India&rsquo s transformation plan.
 
Rico Merkert, a professor of transport at the University of Sydney, said the potential of India &ndash with its population of more than 1.4 billion people, of which many are expected to experience higher disposable income &ndash is just too large to ignore for a hub carrier such as SIA.
 
He expects the tie-up be favourable for the Singapore carrier. &ldquo If you see it as an advanced codeshare agreement that not only allows both airlines to coordinate and cross-promote their flight operations and networks but to expand their corporate and frequent flyer programmes, it has to leverage efficiencies and grow yields and ultimately profits for SIA.&rdquo
 
SIA and Air India currently code-share on 61 points in 20 countries and territories. This follows the October 2024 expansion of their code-share partnership, which added 51 international and domestic destinations in both networks. 
 
After regulatory approvals and potential definitive joint business agreements, SIA and Air India aim to expand their product and service offerings. 
 
Other goals include enabling connections with more route options and allowing customers to book flights across both airlines under a single journey. 
 
The airlines also intend to have a &ldquo closer coordination of flight schedules&hellip and greater cross-participation&rdquo in their corporate travel programmes. The airlines will explore plans to enhance privileges beyond the current Star Alliance benefits for members of Air India&rsquo s Maharaja Club and SIA&rsquo s KrisFlyer frequent flyer programmes.
 
Risk of dilution to SIA&rsquo s branding is limited
Tan of Morningstar believes that the cooperation will not diminish SIA&rsquo s brand premium although Air India is grappling with a host of problems, including tarnished reputation after a crash that killed hundreds in 2024 and poor compliance culture that led to a plane fly without safety permit.
 
The two carriers maintain separate brands, with SIA&rsquo s customers being aware that the two airlines are run independently, she explained. SIA&rsquo s brand premium will still be driven by its service, cabin features and young fleet.
 
Foo said SIA-Air India cooperation is focused on incremental network and revenue benefits through improved connectivity and customer choice, rather than brand integration. 
 
Commercial cooperation between the two airlines will deepen but the DBS analyst expects the two airlines to maintain distinct brand identities, limiting the risk of dilution to SIA&rsquo s positioning.
 
Prof Merkert commented that Air India is making attempts to improve safety, as it is currently modernising its fleet with more than 500 aircraft on order.
 
Tan added: &ldquo Air India certainly has a challenged history but we believe that the Tata group&rsquo s ownership and stewardship, alongside SIA&rsquo s operational track record, should provide the airline with the best management chance to improve its future performance.
 
&ldquo We note that this will take time as the fleet is being renewed and operational processes may need to be overhauled while the cultural shift from a state-owned to a private sector entity may also need to be digested.&rdquo
SIA, Air India ink pact for commercial cooperation
The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes
 
[SINGAPORE] Singapore Airlines (SIA) has signed a commercial cooperation framework agreement with Air India that will build on existing partnerships between the two carriers.  
 
In a joint release on Friday (Jan 16), the two airlines said that this latest agreement will allow them to improve connectivity between Singapore and India, providing &ldquo greater choices and benefits&rdquo for customers. 
 
The agreement &ndash which follows an earlier code-share partnership signed in 2024 &ndash will require the necessary regulatory approvals.
 
Goh Choon Phong, CEO of SIA, said the collaboration will also &ldquo support the growth of air travel and tourism in both countries, and deepen their longstanding business and people-to-people ties&rdquo .
 
Both airlines currently code-share on 61 points in 20 countries and territories. This follows the October 2024 expansion of their code-share partnership, which added 51 international and domestic destinations in both networks. 
 
After regulatory approvals and potential definitive joint business agreements, SIA and Air India aim to expand their product and service offerings. 
 
Other goals include enabling connections with more route options and allowing customers to book flights across both airlines under a single journey. 
 
The airlines also intend to have a &ldquo closer coordination of flight schedules&hellip and greater cross-participation&rdquo in their corporate travel programmes. 
 
&ldquo The airlines will explore plans to progressively enhance privileges beyond the current Star Alliance benefits for members of Air India&rsquo s Maharaja Club and SIA&rsquo s KrisFlyer frequent flyer programmes,&rdquo they added.
 
SIA holds a 25.1 per cent stake in Air India, based on its financial statements for the first half of FY2025. 
So, will SIA pay the 1.47B requested by Air India?
SIA, Air India ink pact for commercial cooperation
The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes
SINGAPORE] Singapore Airlines (SIA) has signed a commercial cooperation framework agreement with Air India that will build on existing partnerships between the two carriers.
In a joint release on Friday (Jan 16), the two airlines said that this latest agreement will allow them to improve connectivity between Singapore and India, providing ?greater choices and benefits? for customers.
The agreement ? which follows an earlier code-share partnership signed in 2024 ? will require the necessary regulatory approvals.
The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes
SINGAPORE] Singapore Airlines (SIA) has signed a commercial cooperation framework agreement with Air India that will build on existing partnerships between the two carriers.
In a joint release on Friday (Jan 16), the two airlines said that this latest agreement will allow them to improve connectivity between Singapore and India, providing ?greater choices and benefits? for customers.
The agreement ? which follows an earlier code-share partnership signed in 2024 ? will require the necessary regulatory approvals.
https://www.zaobao.com.sg/finance/singapore/story20260116-8113092
SIA Group&rsquo s passenger traffic up 1.9% in December
The group&rsquo s two carriers carry around 3.8 million passengers in the period &ndash a new monthly record
 
[SINGAPORE]   Singapore Airlines (SIA) Group   : C6L -0.62%on Thursday (Jan 15) posted a 1.9 per cent year-on-year increase in passenger traffic in December 2025 for the two carriers it operates. 
 
It came in at close to 14.2 billion for the month, compared with 13.9 billion in December 2024. 
 
Passenger load factor (PLF), which is passenger traffic expressed as a percentage of passenger capacity, came in at 87.9 per cent, down 0.6 percentage point from the corresponding year-ago period.
 
This comes as the PLF of SIA fell 0.8 percentage point year on year to 87.6 per cent in December. A decrease in the load factors for the Europe and south-west Pacific routes, down 2.3 and 2.2 percentage points on the year, respectively, contributed to the drag. 
 
Low-cost airline Scoot&rsquo s PLF inched down 0.1 percentage point on the year to 89.1 per cent in December. The load factors of Scoot&rsquo s East Asia and West Asia routes fell by 0.1 and 0.7 percentage point, respectively. 
 
The two SIA carriers carried close to 3.8 million passengers in December, 4.8 per cent up on the year, on the back of the year-end peak travel demand. This is a new monthly record for the group, said the Thursday statement. 
 
This brings the total passenger carriage for 2025 to 41.6 million, 6.6 per cent higher than the previous record of 39 million in 2024. 
 
Cargo carriage rose 7.4 per cent year on year, with &ldquo increased freighter activity supported by traditional year-end demand&rdquo , added the group.  
 
Meanwhile, cargo loads grew by 4.5 per cent, outpacing the 1.6 per cent expansion in cargo capacity. As a result, the cargo load factor was 1.6 percentage points higher on the year at 55.2 per cent. 
 
The group noted that Scoot had launched passenger services to Labuan Bajo and Semarang in Indonesia, and Okinawa in Japan, in December. 
U cut at rex already?
piscesmonkey ( Date: 17-Dec-2025 10:00) Posted:
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Kia si lang bro ,u dissolved ur fd n park here? I play kerchi Kerch happy le.
Bought 6.26 50lots see can fly up high high 😁
SIA Group&rsquo s passenger traffic up 2.6% in November
Singapore Airlines and Scoot carried 3.5 million passengers in total during the month, 6% higher than a year ago
[SINGAPORE]   Singapore Airlines (SIA) Group   : C6L -0.16% on Monday (Dec 15) reported year-on-year growth of 2.6 per cent in November passenger traffic for the two carriers it operates.
 
This was slightly higher than the 2.2 per cent increase in passenger capacity reported by national carrier SIA and low-cost arm Scoot.
 
Passenger traffic, which measures the demand for an airline&rsquo s service, is determined by multiplying the number of passengers carried by the distance travelled. This came in at 13.3 billion in November, up from 12.9 billion in the previous month.
 
Passenger load factor (PLF), which is passenger traffic expressed as a percentage of passenger capacity, came in at 87.3 per cent, up 0.3 percentage point from the year-ago period.
 
This comes as Scoot&rsquo s PLF rose 3.3 percentage points, helping to offset SIA&rsquo s 0.4 percentage point drop to 86.4 per cent.
 
In particular, Scoot&rsquo s PLF was boosted by a 6.1 percentage point increase for East Asia, to 91.9 per cent PLF for other regions fell.
 
Overall, the two airlines carried 3.6 million passengers in November, 6 per cent more than the same period last year.
 
At the group level, cargo carriage grew 12.4 per cent year on year, supported by year-end peak demand and a &ldquo higher contribution from freighter aircraft&rdquo , SIA said.
 
Cargo loads rose 8.1 per cent, while cargo capacity expanded 1.6 per cent. This brought cargo load factor to 60.2 per cent for November, 3.6 percentage points higher than the year before.
 
The group noted that, in November, Scoot launched passenger services to Nha Trang in Vietnam, and SIA resumed seasonal services to Sapporo in Japan.
6.52 coming soon
Should SIA disclose the maximum amount it is prepared to invest in Air India?
Given that the Indian associate&rsquo s results have weighed on the Singapore group&rsquo s earnings for two consecutive quarters, more information would benefit shareholders
 
[SINGAPORE]   Singapore Airlines&rsquo (SIA)   : C6L -0.31% investment in Air India is featuring on the radar of investors after the associate&rsquo s results weighed down the Singapore group&rsquo s earnings for two consecutive quarters.
 
The group&rsquo s earnings for the second quarter ended September dived 82.1 per cent year on year to S$52.4 million - even though operating profit rose 22.4 per cent to S$398.4 million and revenue improved 2.2 per cent to S$4.9 billion.
 
The main cause behind the sharp earnings drop was SIA&rsquo s share of losses by associate Air India, a repeat of the scenario in the first quarter, when it also contributed to the group&rsquo s 58.8 per cent decline in net profit to S$186.1 million. 
 
Air India embarked on a turnaround programme in September 2022, which spans fleet renewal, network expansion, product improvements and operational upgrades. The Indian carrier&rsquo s reputation took a hit after one of its planes crashed seconds after take-off months ago, killing hundreds. It reduced flights immediately after the incident, but has since resumed capacity. 
 
Its costs, meanwhile, have risen, affected by the airspace closures over Pakistan and the Middle East, as well as unfavourable foreign currency movements.
 
SIA did not disclose the specific amount of its share of Air India&rsquo s losses for the quarters.  
 
A check of the financial statements showed that its share of associates&rsquo losses &ndash excluding contributions from SIA Engineering&rsquo s associates &ndash stood at S$428 million for the first half-year of FY2026.
 
The corresponding figure for the year-ago period &ndash without accounting for Air India&rsquo s loss &ndash was a S$3.2 million profit.
 
The group began to account for the Indian carrier&rsquo s performance only from December 2024, after completing the integration of its loss-making joint venture Vistara into the also-unprofitable Air India.
 
SIA now holds a 25.1 per cent stake in Air India post-merger, with Indian conglomerate Tata Sons owning the remaining. 
 
The corporate action saw the Singapore flag carrier pay about S$322.1 million in addition to its 49 per cent stake in Vistara for the shareholding in the merged entity, according to SIA&rsquo s annual report for FY2025.
 
Separately, SIA has agreed to contribute its share of any funding previously provided by Tata prior to the completion of the merger, up to S$880 million. SIA contributed about S$499.9 million of this additional capital in November 2024, and then another S$166.9 million in March 2025. The capital injections post-merger amounted to S$666.8 million.
 
If SIA&rsquo s S$322.1 million equity payment is included, its total cash injections into Air India would amount to S$988.9 million.
 
In October, Bloomberg reported that Air India had sought S$1.5 billion in financial support from its shareholders, with SIA&rsquo s implied 25.1 per cent share at S$376.5 million. 
 
If SIA accedes to this cash call, its cash investment would amount to nearly S$1.4 billion. 
 
Would that be the maximum the airline group is willing to pump into Air India? If not, what would be the ultimate amount?
 
And, what is the accumulated loss that will make SIA decide to call it a day with its Air India investment?
 
SIA chief Goh Choon Phong declined to comment on both questions when they were raised at the post-results briefing on Nov 14, saying that these involve projections. 
 
He, however, reiterated the group&rsquo s support for Air India, saying that SIA is in it for the long haul regarding this investment.
 
Also, Goh extolled the potential of the Indian market: it is the world&rsquo s third-largest aviation market, and the South Asian country is poised to be the world&rsquo s third-largest economy by around 2030. 
 
SIA&rsquo s stake in Air India would allow the Singapore carrier &ndash which does not have a domestic market &ndash to participate directly in India&rsquo s markets internally and internationally, across both full-service and low-cost segments.
 
But India has a highly competitive aviation scene that historically has not been very profitable.
 
Vistara never turned a profit since its establishment in 2013, with the net asset value of SIA&rsquo s billion-dollar investment decimated to zero as at end-September 2022.
 
Air India was also unprofitable even before the pandemic struck, while several Indian carriers have gone out of business.
 
Gulf carriers, meanwhile, have muscled in successfully for a slice of the pie &ndash reportedly accounting for about 40 per cent of India&rsquo s international flights.
 
Indeed, SIA is aware that Air India might not be profitable due to inherent market risks and the industry&rsquo s operating conditions.
 
DBS analyst Jason Sum pointed out that the Indian carrier is a wild card for SIA, given the lack of visibility of the associate&rsquo s path to profitability. Other analysts do not think Air India will turn around in the near term.
 
Notably, SIA has made several foreign investments, following its decision to adopt a multi-hub strategy. It, however, has a less-than-stellar track record in such ventures. It had to write off its 20 per cent stake in Virgin Australia during the pandemic and recognised an impairment loss of S$344 million for FY2020, for instance.  
 
Thus, SIA should make it clear to shareholders the total amount it is prepared to invest in Air India, the extent of loss it is willing to accept, and the approximate timeline during which the investment is projected to start reaping returns. 
 
Only then can shareholders make an informed decision as to whether they should journey with SIA regarding its investment in Air India.
SIA Group posts 5.3% y-o-y increase in passenger traffic for Oct 2025 while cargo demand softens
 
Singapore Airlines (SIA) Group has posted a 5.3% y-o-y increase in passenger traffic, outpacing the 3.7% increase in passenger capacity in the month of October 2025.
 
This has resulted in the group&rsquo s passenger load factor (PLF) rising by 1.3 percentage points (ppts) to 87.3%.
 
SIA posted a monthly PLF of 86.8% and Scoot 89.0%. The two airlines carried a combined total of 3.6 million passengers, up 8.3% y-o-y.
 
On the cargo front, demand was softer across all route regions due to the impact of global trade tensions. Cargo carriage decreased by 4.6% y-o-y, partly due to unplanned aircraft maintenance.
 
Cargo loads declined 9.1% y-o-y while cargo capacity increased marginally by 0.3%. As such, the cargo load factor stood at 53.5%, 5.6 ppts lower.
 
During the month, Scoot launched passenger services to Da Nang in Vietnam and Kota Bharu in Malaysia.
 
As at end Oct, the group&rsquo s passenger network covered 130 destinations in 37 countries and territories. SIA served 78 destinations, while Scoot served 75 destinations. The cargo network comprised 134 destinations in 38 countries and territories.
Opinion: SIA Should Exclude One-Off Gains from Staff Bonus Calculations
Singapore Airlines (SIA) reported a record profit of S$2.67 billion for the financial year ended 31 March 2025, and awarded staff a 7.45-month bonus. But much of that &ldquo record&rdquo performance came not from stronger operations, but from a one-time accounting gain of S$1.1 billion arising from the merger of its Indian joint venture, Vistara, with Air India.
 
If that exceptional gain were excluded, SIA&rsquo s operating profit would have been 37 per cent lower than the previous year &mdash a clear sign that core performance actually weakened. Passenger yields fell, costs rose, and competition intensified. Including the merger gain in the bonus formula therefore inflated the payout without reflecting true business results.
 
Bonuses should reward sustainable performance &mdash improved service, productivity and profitability &mdash not one-off accounting windfalls. Most prudent companies adjust their profit-sharing formulas to exclude such items, ensuring that incentives are based on recurring results.
 
There is also a longer-term risk. The very investment that produced this year&rsquo s gain &mdash SIA&rsquo s new 25.1 per cent stake in Air India &mdash is now contributing losses. In the latest quarter, SIA&rsquo s share of those losses exceeded S$120 million. Paying bonuses on a profit that could be eroded by future losses is financially unsound.
 
SIA&rsquo s staff deserve recognition for their post-pandemic resilience, but prudence and fairness require separating exceptional accounting events from real earnings. By excluding one-off gains from future bonus calculations, SIA would preserve credibility, align rewards with sustainable results, and reinforce its reputation for sound financial governance.
SIA posts 82.1% drop in net profit to S$52 million for Q2 declares special dividend package
The group attributes the decline in earnings to losses by its associate Air India, which are not included in previous year&rsquo s results
 
[SINGAPORE] National carrier Singapore Airlines (SIA) posted a 82.1 per cent drop in net profit to S$52 million for the second quarter of FY2026 ended September, down from S$290 million in the year-ago period. 
 
The group attributed this largely to the share of results of associated companies and lower interest income.
 
Operating profit rose 22.5 per cent to S$398 million for the quarter, up from S$325 million a year ago.
 
Revenue for the quarter came in at S$4.9 billion, up 2.2 per cent from the corresponding period a year ago.
 
For the first half of FY2026 ended September, SIA posted a 67.9 per cent drop in net profit to S$238.5 million, down from S$742 million in the year-ago period.
 
The group attributed the fall in net profit to losses by its associate Air India, which were not included in its financial results for the previous year. The group began equity-accounting for Air India&rsquo s financial performance from December 2024, following the full integration of Vistara into Air India.
 
Lower interest income at S$163.6 million, from S$266.5 million in H1 FY2025, also contributed to the fall in net profit, added the group in its financial results published on Thursday (Nov 13). The drop in interest income was due to lower cash balances and interest rate cuts.
 
On the other hand, the group&rsquo s operating profit rose slightly by 0.9 per cent to S$802.9 million in H1 FY2026, compared with S$795.6 million in the previous corresponding period. 
 
The group&rsquo s revenue rose 1.9 per cent year on year to a first-half-year record of S$9.7 billion.
 
Special dividend package
The group said that it plans to return capital to shareholders via a special dividend package of S$0.10 per share yearly over three financial years. This will amount to about S$900 million over the period.
 
As the first payment from this package, the board has declared an interim special dividend of S$0.03 per share, which will be paid on Dec 23. It will apply to shareholders as at Dec 8.
 
The second tranche of S$0.07 per share for FY2026 is subject to shareholders&rsquo approval at the annual general meeting in 2026. If approved, SIA expects to pay special dividends amounting to S$0.10 per share in FY2027 and FY2028.
 
Separately, the board has declared an interim dividend of S$0.05 per share for the half-year ended Sep 30. 
 
This brings the total dividend for the first half of FY2026 to S$0.08 per share.
 
Operating statistics
The group &ndash which comprises national carrier SIA and budget carrier Scoot &ndash carried 20.8 million passengers in the recent H1, up 8 per cent from H1 FY2025.
 
The group passenger load factor increased by 1.3 percentage points to 87.7 per cent in H1 FY2026.
 
The passenger load factor measures how much the airline&rsquo s passenger capacity has been utilised.
 
The number of passengers on SIA flights rose 6.2 per cent to 13.7 million in H1 FY2026, compared with the corresponding period a year ago. The passenger load factor for SIA increased by one percentage point to 86.7 per cent in the same period. 
 
For Scoot, the number of passengers on its flights rose 11.8 per cent to 7.1 million in H1. The passenger load factor for the budget carrier increased by 2.9 percentage points to 91.5 per cent over the period under review.
 
Cargo load factor, however, dipped 0.9 percentage point to 56.5 per cent for H1, compared with the year-ago period.
 
Outlook
 
SIA said that demand for air travel will be supported by the year-end peak travel period going into the third quarter of FY2026. However, it noted that the global airlines industry faces a volatile operating environment, such as geopolitical tensions and inflationary cost pressures.
 
&ldquo The group will remain proactive and agile, adjusting its passenger network and capacity to match evolving demand patterns and maximise revenue opportunities,&rdquo it noted.
 
On the cargo front, volumes are growing on the back of the group&rsquo s diversified network and verticals. However, yields remain under pressure as airlines redeploy cargo capacity from the US to other lanes, the group added.
 
As at Sep 30, the group&rsquo s passenger network covered 129 destinations in 37 countries and territories. SIA served 78 destinations, while Scoot served 73.
 
business is slow for SIA
Barcalo ( Date: 01-Nov-2025 21:21) Posted:
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